Armstrong World Industries Inc (AWI)

Pretax margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	298,300	300,900	277,900	265,100	260,600	248,600	245,300	252,400	240,600	220,400	222,200	209,600	-141,700	-116,800	-96,800	-84,600	271,600	261,000	264,400	255,500
Revenue (ttm)	US$ in thousands	1,247,800	1,275,800	1,255,300	1,254,300	1,230,300	1,201,100	1,169,200	1,128,400	1,097,100	1,040,000	994,100	917,000	912,800	958,000	983,200	1,048,400	1,038,100	987,800	973,000	949,300
Pretax margin		23.91%	23.59%	22.14%	21.14%	21.18%	20.70%	20.98%	22.37%	21.93%	21.19%	22.35%	22.86%	-15.52%	-12.19%	-9.85%	-8.07%	26.16%	26.42%	27.17%	26.91%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $298,300K ÷ $1,247,800K
= 23.91%

The pretax margin of Armstrong World Industries Inc. has shown a fluctuating trend over the past eight quarters. The highest pretax margin was recorded in Q3 2023 at 23.37%, whereas the lowest was in Q1 2023 at 20.79%. Overall, the average pretax margin over the period is approximately 21.40%.

The company's ability to generate earnings before taxes relative to its revenue has varied, with some quarters displaying stronger performance compared to others. It is essential to further investigate the factors influencing these fluctuations in pretax margin to assess the company's financial health and operational efficiency accurately.